Mandatory and voluntary registration

Mandatory and voluntary registration

1. (1) Mandatory registration: Every dealer is required to apply for registration and to be registered under this Act if:
   • (a) the dealer's turnover in the year preceding the commencement of this Act exceeded the taxable quantum; or
   • (b) the dealer's turnover in the current year exceeds the taxable quantum; Provided that a dealer dealing exclusively in goods mentioned in First Schedule shall not be required to register.
2. (2) Taxable Quantum: For the purposes of this Act, “taxable quantum” of a dealer is such amount, not exceeding Rupees five lakh, as may be prescribed. Explanation:- For the purpose of computation of taxable quantum, the turnover of sales effected by a dealer shall be taken into account respective of whether such sales are taxable under this Act or not or occur inside Arunachal Pradesh.
3. (3) The taxable quantum of a dealer shall not include turnover from:
   • (a) sales of capital assets;
   • (b) sales made in the course of winding up the dealer's activities; and
   • (c) sales made as part of the permanent diminution of the dealer's activities.
4. (4) Voluntary registration: Any person who is not required by sub-section
5. (1) to be registered but who:
   • (a) is a dealer; or
   • (b) intends from a particular date to undertake activities which would make him a dealer, may apply for registration.